PFL Corporation has the following estimated costs: Direct Materials Costs $ 8,500 Depreciation on Mfg Equip $ 16,250 Supervisors's Salary $ 21,540 Direct Labor Hourly Rate $ 12.40 V.P of Finance Bonus $ 27,000 Est Direct Labor Hours 26,000 Maintenance on Factoy Equip $ 20,250 Est Machine Hours 11,050 Indirect Labor on assemblers $14,500 Actual Direct Labor Hours 24,000 The company uses direct labor hours as their activity base. Given this information, what is their predetermined overhead rate for the upcoming year